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Walmart (WMT) CEO John Furner sells 13,125 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Walmart Inc. President & CEO John R. Furner reported open-market sales of a total of 13,125 shares of Walmart common stock on May 21, 2026. The transactions consisted of 1,025 shares at $124.93 per share and 12,100 shares at $124.01 per share.

According to a footnote, these sales were executed under a pre-arranged Rule 10b5-1 trading plan that was entered into during an open trading window and previously disclosed on Form 8-K. After these sales, Furner holds 661,037.405 shares directly, plus indirect holdings of 132,850 shares through a spousal trust and 5,662.2277 shares through a 401(k) plan.

Positive

  • None.

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Insider Furner John R.
Role President & CEO
Sold 13,125 shs ($1.63M)
Type Security Shares Price Value
Sale Common 12,100 $124.01 $1.50M
Sale Common 1,025 $124.93 $128K
holding Common -- -- --
holding Common -- -- --
Holdings After Transaction: Common — 662,062.405 shares (Direct, null); Common — 5,662.228 shares (Indirect, By 401(k) plan)
Footnotes (1)
  1. This sale was executed pursuant to a Rule 10b5-1 plan that was entered into by the Reporting Person during an open trading window and disclosed by the Issuer on Form 8-K on March 17, 2025. This sale was executed in multiple trades ranging from $123.74 to $124.73, inclusive. The price reported above represents the weighted average purchase price. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected. This sale was executed in multiple trades ranging from $124.75 to $125.17, inclusive. The price reported above represents the weighted average purchase price. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
Total shares sold 13,125 shares Open-market sales on May 21, 2026
First block sale price $124.93 per share 1,025 shares of Walmart common stock
Second block sale price $124.01 per share 12,100 shares of Walmart common stock
Direct holdings after sales 661,037.405 shares Walmart common stock held directly by John R. Furner
Spousal trust holdings 132,850 shares Indirect ownership via spousal trust
401(k) plan holdings 5,662.2277 shares Indirect ownership via 401(k) plan
Rule 10b5-1 plan regulatory
"This sale was executed pursuant to a Rule 10b5-1 plan that was entered into..."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
spousal trust financial
"nature_of_ownership: By Spousal Trust"
401(k) plan financial
"nature_of_ownership: By 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Form 8-K regulatory
"disclosed by the Issuer on Form 8-K on March 17, 2025."
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Furner John R.

(Last)(First)(Middle)
1 CUSTOMER DRIVE

(Street)
BENTONVILLE ARKANSAS 72716

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Walmart Inc. [ WMT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common05/21/2026S12,100(1)D$124.01(2)662,062.405D
Common05/21/2026S1,025(1)D$124.93(3)661,037.405D
Common5,662.2277IBy 401(k) plan
Common132,850IBy Spousal Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This sale was executed pursuant to a Rule 10b5-1 plan that was entered into by the Reporting Person during an open trading window and disclosed by the Issuer on Form 8-K on March 17, 2025.
2. This sale was executed in multiple trades ranging from $123.74 to $124.73, inclusive. The price reported above represents the weighted average purchase price. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
3. This sale was executed in multiple trades ranging from $124.75 to $125.17, inclusive. The price reported above represents the weighted average purchase price. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
Remarks:
/s/ Mary Marshall, by power of attorney05/22/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Walmart (WMT) report for John R. Furner?

Walmart reported that President & CEO John R. Furner sold 13,125 shares of common stock in open-market transactions on May 21, 2026. These sales were made at prices around $124 per share under a pre-arranged Rule 10b5-1 trading plan.

At what prices did John R. Furner sell Walmart (WMT) shares?

John R. Furner sold 1,025 Walmart shares at $124.93 per share and 12,100 shares at $124.01 per share. Footnotes note these were weighted average prices from multiple trades within narrow intraday price ranges.

How many Walmart (WMT) shares does John R. Furner hold after the reported sales?

After the May 21, 2026 transactions, John R. Furner holds 661,037.405 Walmart shares directly. He also has indirect holdings of 132,850 shares through a spousal trust and 5,662.2277 shares through a 401(k) plan, as disclosed in the filing.

Were John R. Furner’s Walmart (WMT) share sales pre-planned?

Yes. A footnote states the sales were executed pursuant to a Rule 10b5-1 trading plan entered into during an open trading window. Walmart previously disclosed this trading plan on a Form 8-K filed on March 17, 2025.

What does Rule 10b5-1 mean for John R. Furner’s Walmart (WMT) stock sales?

Rule 10b5-1 plans allow insiders to pre-schedule stock trades according to set instructions. For John R. Furner, the filing explains these Walmart share sales followed such a pre-arranged plan, reducing the significance of short-term market timing decisions.

What indirect Walmart (WMT) holdings are reported for John R. Furner?

The filing reports 132,850 Walmart shares held indirectly through a spousal trust and 5,662.2277 shares held through a 401(k) plan. These positions are separate from his directly held 661,037.405 shares of Walmart common stock.